The stocks of OTRK found their rating of buy reinstated by several analysts working at B. Riley- which was further promoted in a research note issued last Tuesday. Currently, the company has a price target of $73, which was reduced from their previous price target of $110. This price target set by B. Riley is indicative of an increase of about 130.87% in the annual growth rate of the country.
The Stock Commentary Of OTRK
There have been quite a few research equities that have commented on the stock of OTRK. Zacks Investment has already increased the shares of the company from a rating of sell to a rating of hold, which was published on the 24th of February. Canaccord Genuity has also decreased the shares of the company from a rating of buy to a rating of hold, along with reducing the price target of OTRK to $30- from a previous price target of $35.
In the end, the Royal Bank of Canada also decreased the price rating of the company from outperform to sector perform, along with a reduction in their prices brought from $82 to $32.
Four of the investment analysts covering the firm have already given it a rating of hold, while two of them have given it a rating of buy. The rating of OTRK on average is hold, with a $54 price target.
The stocks of OTRK traded on Tuesday at $31.62. The market cap of the stock is $550.69 million, with a 2.52 beta, and a -18.60 PE ratio. The company also has a 3.04 debt-to-equity ratio, along with a 3.59 current ratio, and a 3.59 quick ratio. The year low of the company is $8.55, while the year high is around $99.89. The moving average price of OTRK over a period of 50 days is $75.35, while the moving average price of the company over 200 days is $64.99
